philip lelyveld The world of entertainment technology

Inworld AI Raises $50M for Generative AI Character Creation Platform

... Inworld offers a Character Engine that constructs virtual beings out of text descriptions. Users can detail the appearance, behavior, background, and more in great detail, and the generative AI engine will synthesize the virtual being described, relying on general knowledge databases and proprietary sources the user can include. Though Inworld has been employed for education and marketing, the chief focus of the company is entertainment, especially video games. The multimodal characters rely on a mix of machine learning models that Inworld describes as going beyond ChatGPT or other conversational AIs relying on large language models (LLMs). ...

Inworld’s raise continues the startup’s rapid-fire rollout of new features and partnerships since coming out of stealth in 2021. Last year, the startup debuted Inworld Studio, raised $60 million in two funding rounds, and received an Epic MegaGrant from Unity Creator Epic Games. Inworld also joined and graduated from the Disney Accelerator program, where it demonstrated a prototype ‘Droid Maker’ for designing the look and personality of an interactive droid from the Star Wars universe. ...

See the full story here: https://voicebot.ai/2023/08/02/inworld-ai-raises-at-least-30m-for-generative-ai-character-creation-platform/